Disposal

Cohen(A.) & Co PLC
22 December 2003


FOR IMMEDIATE RELEASE                                   22 December 2003 

                 A COHEN & CO PLC ('A Cohen' or the 'Company')

                                SALE OF BUSINESS

A. Cohen announces the closure of its international metals trading business
operated by its subsidiary Jacob Metals Ltd with effect from the close of
business on 19 December 2003. The company will conduct an orderly realization of
its investment in the net assets of approximately £300,000 of the business over
the next 60 days and expects to realize full book value there-of.

The subsidiary has exchanged and settled contracts for the sale of certain
assets of the business, the goodwill and the trading name to interests
associated with the General Manager Mr Richard Ward with effect immediately
following the closure. This sale was for a cash consideration of £40,000 which
amount has been paid in full and all of which will be reflected as a profit in
the results of the company for the year ended 31 December 2003.

The funds released will settle the residual indebtedness of the company and
provide additional working capital for present and future activities of the
company. These activities presently include technology interests as follows:

A 24% interest in ROO Media Europe Ltd in joint venture with ROO Media
Corporation.  The joint venture partner ROO Media Corporation has during
December 2003 completed a merger agreement in New York and is now listed on the
Nasdaq Stock Market with a market capitalization of US$10 million as Virilitec
Inc. ROO Media Europe Ltd holds an exclusive licence to the European rights of
ROO Media Corporation for a further period of 7 years. The company will report
further on this investment and business as part of its report on annual results
for the year ended 31 December 2003; and

A 33 1/3% interest in Money Products International Ltd which is a developer and
manufacturer of smart charge and credit card dispensing equipment used by and
supplied to a number of parties including Scott Tod plc whose shares were
recently admitted to trading on the Alternative Investment Market of the London
Stock Exchange, and has a market capitalization of approximately £10 million.
The company will also report further on this investment as part of its report on
the annual results for the year ended 31  December 2003.

The company having now substantially completed the restructure of its businesses
will present to shareholders for approval in the new year a proposal to change
the capital structure of the company and an authority to issue further
securities to enable it to undertake further investments and acquisitions which
in the opinion of the directors, will re-establish operating businesses for the
company and add value for shareholders.


For further information please contact:

Jim Ferguson
Managing Director              020 8320 4211

Roland Cornish
Beaumont Cornish Ltd           020 7628 3396






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